Hormuz or Bust: Oil Markets Brace for Monday While the Internet Loses Its Mind

The world's most important 21-mile-wide chokepoint is back in the headlines, and markets are not taking it well. Iran's Revolutionary Guards have threatened to completely close the Strait of Hormuz if Trump follows through on threats against Iranian energy infrastructure — a move that would strangle roughly 20% of global oil supply overnight. Saudi Aramco's CEO quietly pulled out of a major international energy conference, which is the geopolitical equivalent of your pilot putting on a parachute mid-flight.

Bloomberg Daybreak notes that RBC Wealth Management Asia remains cautiously optimistic on US equities, pointing to S&P 500 earnings estimates revised up 2.3% since the war began — a genuinely impressive stat that the doom-scrolling crowd keeps skipping past. Meanwhile, a Bloomberg video highlights China playing mediator on Hormuz negotiations, with bond yields diverging sharply: US 10-year at 4.3%, UK at 5%, while Chinese sovereign yields are actually falling. Money is moving, and it knows where it's going.

The dollar is strengthening on safe-haven flows, oil is whipsawing, and Treasury Secretary Bessent just told the world the US has "plenty" of funds for a war — which is either reassuring or terrifying depending on your risk tolerance and therapy schedule.